Ready To Start Your Business

Ready to Start Your Business?
Episode 2
Photo by @harguellowww.stretchgoals.fm/ep2

www.stretchgoals.fm/ep2
Challenge yourself to create ambitious goals
as you start and grow your business.
Episode 2 - Ready To Start Your Business?

Robert Dickerson
Robert is the Founder and CEO of Mapout a mobile learning
platform that uses video courses to educate customers and
train employees. He helps companies develop and launch
products.
Scott Davis
Scott Davis is the Founder and CEO of MobX, a mobile
development software agency. He has 20 years of experience
developing software for Government, Finance, Sports and the
Telecommunications industry.
@RobDickersonJr @The_Scott_Davis

Are you thinking of starting a business?
Let’s dive into 3 questions.

[1]
Why do you
want to start a
business?

“You really need to think about what you’re
trying to do and determine if it makes sense to
start your own business.”
- Robert Dickerson

Scott’s “Why” on Starting MobX
● No longer want to be part of the corporate world
● Want to be own boss
● Key: Create products I could influence

“When you are experienced - or you are
passionate - a certain aspect of your creativity
gets killed by that corporate mentality.”
- Scott Davis

“I wanted more control as well. I wanted more
responsibility. It’s nice to be your own boss.
To push things forward and really have the
freedom to make decisions.”
- Robert Dickerson

Failure is not a bad thing.
You can always pivot when you fail.

Corporate world complaints
● Slow speed
● Insufficient resources
● Cutting corners
● Creating inferior products

“I have to put out quality products and I have
to do them right. If that takes an extra week,
then so be it.”
- Scott Davis

Interact with
customers
Figure out
problems
Actually
solve them

Connections with people
that lead to opportunities.

“You want to work together. You want to help
each other out. It really helps you grow and it
really helps them grow. It’s a mutually
beneficial relationship.”
-Robert Dickerson
“If you create positive relationships and do
good work, it just comes naturally.”
-Scott Davis

“Work ON your business, not IN it.”
{Excerpt from E-myth by Michael Gerber}

Shift your mindset.
You have to find people you can trust.

Take a step back.
How you can grow your business
without solely relying on yourself?

[2]
Are you
passionate
about this
idea?

“Your journey as an entrepreneur - starting your own
business - has to be fun. It’s something I enjoy doing
every day. If I didn’t enjoy it, I wouldn’t be doing it.”
- Robert Dickerson

You want employees who share your passion.
How can you sell others on your vision?

● Happiness
● Money
● Flexibility
● Passion
“The passion for me is all about waking up every day and I
can’t wait to get to work.”
-Scott Davis
The upside to your startup:

If you’re not passionate about it, you’re not going to be
able to ride through the ups, downs, and crazy swings.

“What was the worst low for a week of my life, turned
into the greatest adrenaline rush ever.”
- Scott Davis

“For the past 33 years, I have
looked in the mirror every morning
and asked myself: 'If today were
the last day of my life, would I want
to do what I am about to do today?'
And whenever the answer has
been 'No' for too many days in a
row, I know I need to change
something.”
Steve Jobs

1. Are you enjoying what you’re doing?
2. Is what you’re doing rewarding?
3. What are you getting out of it?
You need to ask yourself:

[3]
Do you have
the experience,
connections,
and capital to
get started?

“You don’t have to know everything, but you have to
have a learning mindset - where you want to connect
with people who know the things you don’t.”
-Robert Dickerson

“Learn from someone else - like a mentor. Or learn from
somebody that you hire. Hire them for a specific skill set
and trust them to do their job… and learn from it.”
-Scott Davis

Don’t let lack of
experience stop you.
You always need to be learning.

Leverage your connections.

How do you make sure you have
enough capital to keep going?
Business type will dictate your
cash flows and how they operate.

“For me, I always bootstrapped. I always did the
minimum I needed to get things going. I rolled my
revenue into the business and once I had enough
revenue to hire people, I did that.”
-Scott Davis

Start off small.
It’s a long run
payoff.

1. What do you want from your business?
2. What do you want in your life that your business
is going to help you achieve?
3. Are you passionate about this idea?
4. Do you have the experience, connections, and
capital to get started?
Things to think about:

Create an outline.
Put together the pros and cons.

Send us some questions.
We’re happy to lend our expertise.
stretchgoals.fm

Ready To Start Your Business

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